discount fivefingers Soon the second half of 2011 and half of the championship race began heating.
June 10 is subject to the industry of South Longyuan about 0.28 percentage points more than a slight temporary advantage is the leading value of Penghu, and only 2 days later, June 14, the advantage once again ahead of the Penghu South Longyuan Industry Topic 0.46 percent, to regain first place in the capital , 15, Penghu value of the leading edge margin declined from 0.46 percentage point to 0.29 percentage points. A small pause, often repeated, the winner receives half, remains a mystery. In addition to the championship fight, the Great Wall and the brand theme 'Cause, after the temporary division of the third, fourth.
With "in test" approach, the results of the competition increasingly fierce, but the market is still lukewarm to swing up and down about 2,700 points, difficult to change. But the problem is that some of the top three stocks Shigekura fund, almost a week began to show.
Intense competition among the top three
The photographers and 11 trading days, the mid-term exams will finance the dust settles, and the six champions in the race, entered the most critical moment. Not surprisingly, this award will lead the South Longyuan Penghu and production industry topics, ranging from June 15 value of 0.29 points ahead Penghu small percentage of lead.
According to statistics, between 15 June and the value of benefits accrued Penghu during the year rose to 4.09%, while the southern Longyuan industry topics during the year, or about 3.80%. Since May, the value of every edge of Penghu, June 10, South Long Yuan industry topics of force of a sudden, one day net to 1.12% on the same day, the Shanghai Composite Index rose 0.07%. The problem is, 10 days Southern China Longyuan awkwardness fourth largest industry on the Heavy Industries (601989) jumped 4.28%.
Then the value of the benefits begin to catch up Penghu, June 13, two fund performance gap decreased to 0.15 percentage points, 14 June is the beginning of the Penghu awkwardness full value of benefits soaring. According to statistics, 14 Value Advantage Penghu awkwardness in four out of ten or more than 3%. Among them, the OCT has increased 3.31%, China Construction (601668) rose 2.69%, Gree (000651) rose 3.95 percent, China Merchants Property Development (000024) rose 4.28%, and on this basis, the value of benefits Penghu once again catch up with Southern themes Longyuan industry and rose to 0.46 percentage points.
In fact, the configuration of the quarterly industry outlook, values, benefits, and South China on the yuan Peng Lung industry there are many similarities, as well as heavily loaded machine, metal and metallic, finance and insurance, the same preferences for China Unicom (600050), the maintenance of the Bank ( 600,016) and underestimated the value of blue chips, but both the location of the quarterly data, but the difference of almost 20%. According to quarterly, Penghu advantage of the first quarter of 93.22%, while the southern Longyuan industry topics only 74.03%.
In addition, a second separate two funds is reflected in the differing attitudes of real estate resources. According to statistics, the predominance of the Penghu in the first quarter of the real estate sector allocation ratio of 7.48%, investment properties, overseas stocks and so clumsy in the list of the top ten, and South Longyuan industry topics, quarterly data for the real estate sector, not the configuration.
Third position in the place most likely appear in the Great Wall brand preferred themes and Bo (160 505) in different sectors. From 15 June the Great Wall brand preferred rose 1.42% per year, about the industry Because increased 0.87% during the year. The difference between the two since June 13 has been narrowing trend is also clear. June 13 net growth rate during the Great Wall brand preferred Bo about 0.95 percent of the industry's 0.87 percentage point to 14, 15, and fell, resulting in only 0.55 percentage points.
Huge losses 157974000000 yuan in first half
While the top three of the battle in full swing, but in the first half of this year, shares of huge losses the base of the proposal was abandoned.
According to the June 15, 370 last year, annual data, open shares acquired yuan losses 157 974 000 000 370 shares basis and the base are two years, fell by more than 20%, only five made positive income. According to statistics, in June 15, a net increase in the number one advantage compared to the value of the temporary bottom of Penghu Yinhua domestic demand, taking into account differences between the growth rate of 26.8%.
Research brokerage Beijing, said: "This is normal, the Fund had too many hands in the past year, small cap stocks, the style in the market has changed this year, the Fund did not escape in time, so even if the fund is relatively good, but not any money for investors. "On further analysis," Last year, the top surface, and this year suddenly dropped off, or poor performance. "
Looking at the results of the first half of this year have a relatively good performance of the Fund, without exception, the use of heavily loaded with blue-chip sector. But this is also the year 5 to positive financial performance of the fund, three units in the network is still less than 1 of the yuan this year there will also hide the losses from the past.
Shenzhen, a public fund manager, told reporters: "Now the best strategy is more than a movement, a clear market opportunity is hard to see, first half of the market between the plates wheeled in a very short time, mainly on account are invested in security."
Valuation is the key investment market outlook
In the second half of the market, although in the south, the culmination of Penghu optimistic than other companies, but investors still lack a clear picture, particularly for small capitalization shares in the ratio began to diverge.
Value Advantage Fund Manager Penghu Shijie Cheng talk about investment ideas, said: "In current market conditions, do not put great emphasis on trade preferences, but stressed the company and basis of valuation in terms of investment value of an investment company, the decline represents a good opportunity purchase, contrast, adverse changes in those fundamentals, valuation expensive company, we can choose to sell, of course we will also consider the macroeconomic trends and policy changes. some companies GEM is still a high level of valuation, but does not exclude some of the best companies in the current price GEM has obvious value of investments, the GEM can be observed shorter periods of time, we need to closely follow and research. "
Because managers on the fund industry will continue to follow Deng Xiaofeng from the first quarter of investment ideas. He told reporters: "In the second half of the market, the biggest problem is still structural problems, market opportunities are still underestimating the value of mainly blue-chip sector, such as railways, banks, real estate and other areas, while the consumer the opportunity to share in the second half decent attention, pre-regulation in lieu of food and drink health and medicine in some individual stocks, started buying opportunities, and my little deck and the ratio of the GEM stocks remain cautiously, mainly because of the two discs are still hand-side of their valuation. "
Great Wall brand preferred, Yang Yiping fund manager, noted that the investment bank now is still the best way to share economic growth; In addition, energy, transport, home appliances, cement, iron and other sections are also relatively low valuations, relatively uncertain future High growth industry.